10 Lessons We Can Learn From Warren Buffet About Finances

“The stock market is a device for transferring money from the impatient to the patient.” ~ Warren Buffett

There is absolutely no doubt that Warren Buffet is the most successful investment guru in history.

He is also the most respected business man in the world and it is said that even though he has billions, he still counts his pennies.

Additionally, many hopeful investors have looked to him for strategies and solutions, while others who are looking for a financial breakthrough and an improvement in our financial health have researched his business ethics and practices with the hope that we too can achieve high levels of success the same way he has.

It is clear that people are in search of answers when it comes to finances.

The bible of course gives us strategies for success such as the ones found in these many  verses

We are also reminded not to forget our Creator, “But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.” ~ Deuteronomy 8:18 NIV

So, what can Warren Buffett say to us different from these biblical principles that I can only imagine that many of us already adhere to?

Did God give him any more power or ability to get/produce wealth than He [God] gave to the rest of us?

What attributes to Buffett’s extraordinary wealth? No, God did not give him more wisdom than He gave the rest of us.

But from my research, I realized his formula can be summarized simply as his sharp business acumen and his in-depth knowledge and understanding of business.

Can we learn from him? Yes, we can!

Infographic – 10 Financial Lessons From Warren Buffett

Here is Warren Buffet’s 10 financial lessons we can learn and put into practice ourselves

Infographic via BestFinanceSchools.net

Know when it is the right time to invest – the younger the better in the long run. We are called to be good stewards of the resources that God has blessed us with.

What action steps have you taken to better manage or increase your finances?

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